White House: NY college grads average $26K in debt

The Obama administration says about 1.4 million undergraduate students are enrolled in colleges across New York and those who borrowed money for tuition will graduate with more than $26,000 in debt.

President Obama is outlining his agenda today to combat rising college costs at appearances in Buffalo and Syracuse. He'll conclude his upstate New York bus tour Friday with an appearance at Binghamton University.

A release from the White House Thursday says Obama's plan will measure college performance through a new rating system and tie financial aid to college performance. His plan would also allow borrowers to cap their loan payments at 10 percent of their monthly income.